Apple Adjusts Financial Strategy Amid Leadership Transition
Apple Inc. (AAPL) reported a strong quarter with revenue up 17% and iPhone sales rising by 22%, reversing years of slow growth. However, the company is shifting its financial strategy as Tim Cook prepares to step down, including cutting stock buybacks in half despite increased free cash flow and moving away from its net cash neutral target.
Tickers: $AAPL
Topics: Apple buybacks cut cash strategy shift John Ternus succession R&D spending Tim Cook exit